james mcdonald hercules investments bio
James McDonald, CEO and Chief Investment Officer of Hercules Investments, a Los Angeles-based Registered Investment Advisor, is hosting a virtual event, 'Preparing Investment Portfolios for a . As explained by Mr. Brown: [Defendant] Hercules [Investments, LLC] retained BNSK [i.e., Browns firm] for legal representation relating to insurance coverage and a Settlement Agreement was reached. Alternatively, for those willing to accept risk? The SEC's complaint, which was filed in the Central District of California, charges McDonald and Hercules with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Sections 206(1) and 206(2) of the Investment Advisers Act of 1940. edgewater hotel haunted; can uk consultant doctors work in usa; is spitfire a compliment And, also, relatedly and with the prospect of decades in prison attach, conspiracy and fraud. Look at what happened in February when the virus became known. Approximately $109,512 was transferred to the landlord of a home McDonald was renting in Arcadia; and approximately $6,800 was spent on a website that sells designer menswear. Step 1) Become the best index options trader in the world, and I am very confident that today I have done that. Navin: What are you recommending for conservative investors? TIMOTHY Z. MOSLEY, ET AL. Updated -- James A. McDonald, Jr. (Defendant): Name Suffix changed from JR. to Jr. XOM . Why Should White Guys Have All the Fun by Blair Walker. Hercules Investments is the firm I founded solely to achieve these goals. Indeed, Bunnell concedes he has no actual interest in participating in this litigation at all. The Court is hard-pressed to see how Bunnell is or should be entitled to enter the case, undo the judgment, and then leavewhich is precisely what the proposed intervenor seemingly seeks to accomplish here. The complaint also charges McDonald with violating Section 206(4) of the Advisers Act and Rule 206(4)-8 thereunder, which prohibit certain transactions by investment advisers. The founder of a Chicago megachurch has been fired as its leader. Navin: If you could ask Jerome Powell a question what would it be? Or before an SEC investigator. James McDonald has been working as a Chief Executive Officer at Hercules Investments for 3 years. The SEC alleges that McDonald commingled the investor funds with Hercules assets and his personal assets, and used $440,000 of those funds for personal expenses, including to pay his personal credit card bills. 1 1 Hercules Investments @HerculesInvests May 13, 2021 Tune in today's Fast Money on CNBC at 2pm PST. Assistant United States Attorneys Carolyn S. Small and Alexander B. Schwab of the Major Frauds Section are prosecuting this case. HERCULES INVESTMENTS, LLC, ET AL. James Zell McDonald (born March 29, 1961) is a former American football tight end in the National Football League. Miraculously in 2006, I found an orthopedic surgeon who fixed my knee and I got back on the field at the age of 35. judy norton children; court ordered community service california He last appeared on the network in July 2021. 2 at 5.) Lock McDonald said recent valuations in the technology sector exceeded levels in the days and weeks before the major market crashes of 1929, 1987, 2001, and 2008. (213) 894-4465. 1718 Harriman Ln Redondo Beach, CA 90278 . Hercules Investments CIO James McDonald on CNBC The Exchange Clients began asking Hercules employees about losses in their accounts, and since McDonalds compensation primarily was based on a percentage of his clients assets (typically around 2% ofAUM at Hercules), thelosses meant steep declines in McDonalds own earnings, according to the DOJ. [USA Today]. Full content visible, double tap to read brief content. proof by the judgment creditor . The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but without advance notice he failed to appear as required. last spoke to McDonald on Nov. 18, when he admitted to taking clients money without investing it; McDonalds accounts for his phone and email address have since been terminated. We work hard to protect your security and privacy. I became fascinated by the story of how junk bonds via Mike Milken and others were used to revolutionize financing and M&A during the 90s. Lewiss story was intriguing to me because he was the first African American to reach that milestone. We'll be covering the markets, what stocks to look out for and more! ${cardName} unavailable for quantities greater than ${maxQuantity}. Prior to that he was CIO of Vishnu Wealth Management and CEO of Index Strategy Advisors. May 2021 - Present1 year 10 months. This seriously cut in to his fee income, and CNBC appearance feesoh, yes, he was still bloviating on television about on how people should invest for more than a year-and-a-half after the most spectacular wrong call of his careerapparently dont cover the Porsches or the rent, so he decided to raise some more. Explore our venture lending portfolio here. ${cardName} not available for the seller you chose. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Hercules Investments, LLC and Justin Bunnell. From what we see, there is still a clear disconnect between markets and the health of the economy. "Risks here are as high or higher than potential gains, so it only makes sense to have a defense in place," McDonald concluded. Proposed Intervenor Justin Bunnells Ex Parte Application for an Order Granting Leave to Intervene or, in the Alternative, for an Order Advancing the March 10, 2022 Hearing Date on Justin Bunnells Pending Noticed Motion for an Order Granting Leave to Intervene is DENIED. As part of the capital raise, McDonald obtained $675,000 in investment funds from one victim group on March 9, 2021. McDonald was CEO of Hercules Investments LLC of Los Angeles and Index Strategy Advisors Inc. of Redondo Beach, and frequently appeared as an analyst on the CNBC financial TV news network,. Produce all communications (including e-mails, text messages, or messages from any messaging service) between Ethan Brown and Justin Bunnell. (See Ex Parte App. Updated -- Hercules Investments, LLC (Defendant): Organization Name changed from HERCULES INVESTMENTS, LLC, a California limited liability company to Hercules Investments, LLC, Case reassigned to Stanley Mosk Courthouse in Department 72 - Hon. Having denied the Motion for Assignment, the Court finds no exigency, irreparable harm, or immediate danger that would justify the need to address Bunnells request for relief on an ex parte basis. The S&P 500 could be headed for a drop of up to 48%, according to James McDonald, the CEO and chief investment officer of Hercules Investments. This is the story of the James McDonald and the rise and fall of Hercules Investments. Charles Canter will lead the litigation. To Chowthi, the evidence indicates that McDonald is currently intentionally concealing his whereabouts., https://www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png, Hercules Investments CEO/CIO James McDonald. Track. The United States Securities and Exchange Commission subpoenaed McDonald to testify before it in November 2021, but without advance notice he failed to appear as required. 5 & Ex. Investors should let a professional handle putting these trades on. Currently, S&P 500 price levels imply that the economy is stronger now and will be stronger in the short-term future than it was PRIOR to the beginning of the pandemic. When investors really want something they are willing to pay up, and stock prices rise. Hercules and the various insureds settled claims for $1,450,000, which was directed by Hercules to be paid into a separate account maintained by BNSK and distributed at Hercules direction for (1) defense costs relating to claims by investors against Hercules for losses sustained as a result of Hercules investment strategies and/or (2) to pay claims by various investors relating to losses by such investors as established by the Settlement Agreement. (Brown Decl. Moreover, the claimed fees are insufficiently supported. The SEC also filed a complaint against the registered investment advisor. Cancellation and Refund Policy, Privacy Policy, and On one morning in late October or early November 2021, D.J. According to the complaint, McDonald also appears to have terminated his previous phone and email accounts and told one person that he planned to vanish.. brookstone therapeutic percussion massager with lcd screen; do nigel and jennifer whalley still own albury park V.P., Director of Strategic Initiatives, BBVA Compass, Houston, TX, 2002- 2006 Direct report to the CEO of the $12 Billion AUM Wealth Management Group (WMG). ", Read more: Bank of America unveils its top stock pick in each of the 11 S&P 500 sectors and explains why they're poised to dominate in the year ahead. Lastly, even if all or some of the referenced funds could be assigned pursuant to CCP 708.510, the Court would decline to issue an order so doing. You can lose money trading or investing in stocks and other instruments. James McDonald, CEO at Los Angeles-based alternative investment manager Hercules Investments has a trade which would profit from the stock market dropping back to March lows. For the foregoing reasons, the motion is DENIED. Ironically, however, pertinent information about any right to payment comes not from the moving party, but from the response to the motion by Ethan J. If the stock market falls by say 20-40 percent, you can expect a vol instrument such as UVXY or VOLQ to gain 100-200% so purchasing long-dated call options on those vehicles could deliver gains of 10X the gains on the instrument itself. Brown, whose firm used to represent defendants on other matters seemingly related to this litigation but never actually appeared on behalf of defendants in this case. But some clients discovered Hercules plight, and confronted McDonald on a phone call in March 2021, while McDonald continued to send ISA clients false account statements, according to Chowthis complaint. When do you expect value stocks to take the lead again, if ever? McDonald allegedly also falsely represented to clients that ISA, his other firm, was a registered investment adviser, even though he had withdrawn ISA as a state-registered investment adviser firm in May 2019. McDonald will discuss why investors should be prepared for a looming 2021 stock market crash, after an unprecedented stock market surge since the March 2020 Covid-19-driven stock market lows. Any litigation that stemmed from those losses would need to be disclosed if he went forward with the fund, according to the DOJ. Instead, McDonald spent more than $1 million of the money on his own expenses, and used more than $2 million on Ponzi-like payments to Hercules clients and business expenses for the firm, according to the SEC complaint against him. Case Details Parties Documents Dockets. Yet only 14.5% of the global market has been penetrated. Please try again. James Arthur McDonald Jr., 50, ran two Los Angeles-based investment firms called Hercules Investments and Index Strategy Advisors. LOS ANGELES, Oct. 10, 2019 /PRNewswire/ -- Award-winning derivatives investment management executive James A. McDonald, Jr. today announced that he has launched Hercules Investments LLC, a Los Angeles-based Registered Investment Advisor.Hercules applies quantitative research to design and actively manage portfolios for investors seeking maximum growth during up or down-market cycles. at 3.) James McDonald, the chief investment officer at Hercules Investments, told Business Insider that the news would be the catalyst for a protracted sell-off heading into the election.. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. in commitments IPO and M&A exits companies funded assets under management co-investments with VC & PE firms new debt & equity commitments in commitments IPO and M&A exits How did you first become interested in markets? 5.) According to McDonalds former romantic partner and business associate, D.J., after the SEC subpoenaed records from Hercules and subpoenaed McDonald for testimony, McDonald told D.J. scott@strategyvoiceassociates.com, Internet Explorer presents a security risk. But what really got my attention was the security that empowered Lewis to make history: junk bonds. James McDonald, CEO of Hercules Investments, told Yahoo Finance's "The First Trade" that the president and his advisors so far have paid close attention . Amazon has encountered an error. Hercules Investments was awarded the WealthManagement.com 2020 Alternative Asset Manager of the year. VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. James McDonald: Im a football player first and foremost! Navin: You've named the issues facing the stock market as "a 3-headed monster." VOLQ is even better because it can be used to protect gains and principal in tech holdings. Markets have always crashed in the weeks and months following 52-week highs, and it could take only a change in sentiment to trigger a large sell-off, the investment chief said. Creditor seeks fees for 531.4 hours incurred at an hourly rate of $500 for collecting and enforcing the settlement agreement and judgment between August 17, 2021 and September 1, 2022. I became obsessed with making my own history through innovative use of a financial product. The stock market is a big auction house. James McDonald, CEO and Chief Investment Officer of Hercules Investments, will serve as Portfolio Manager of the Hercules Fund. keystyle mmc corp login; thomson reuters drafting assistant user guide. 2) and that [t]he insurance policy that generated the fund is referred to in the Settlement Agreement at 5. (Supp. ), Case Number: *******9709 Hearing Date: March 10, 2022 Dept: 72. Today were the largest index options trader on the CBOE and the largest trader of Nasdaq 100 First, the judgment was entered on December 9, 2021. Pursuant to CCP 708.510, a judgment creditor may seek by way of noticed motion an order that the judgment debtor assign to the judgment creditor all or part of a right to payment due or to become due. (CCP 708.510(a).). Hercules Investments was founded by James McDonald, who previously was founder and CEO of Index Strategy Advisors. 4.). McDonald: If you mean beating as in performing better in terms of absolute returns, then the answer is never. CHICAGO--(BUSINESS WIRE)--James McDonald, CEO and Chief Investment Officer of Hercules Investments, a Los Angeles-based Registered Investment Advisor, is hosting a virtual event, Preparing Investment Portfolios for a 2021 Stock Market Crash, on Thursday, January 14, 2021 at 3pm EST. Help others learn more about this product by uploading a video! Brief content visible, double tap to read full content. Every defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt. The FBI and IRS Criminal Investigation investigated this matter. Web page addresses and e-mail addresses turn into links automatically. 2, 5 & Ex. From this, the Court is hard pressed to make any finding as to what, if any, payments are due to the judgment creditors for purposes of assignment to plaintiff. Things are escalating quickly for the folks behind StraightPath Venture Partners. Los Angeles, California 90012. This case was filed in Los Angeles County Superior Courts, Norwalk Courthouse located in Los Angeles, California. Too many people and firms over-complicate these basic truths. Led the design, development, and rollout of investment management, financial planning, and lending standards and practices to the bank's High Net Worth clients. VS DANNY MICHAEL CORRAL, ET AL. Firm Details for HERCULES INVESTMENTS, Location: California, AUM = 33200000.00, Last Form ADV Filed : 16-June-2021, Officers: MCDONALD, JAMES, ARTHUR, MCDONALD . McDonald: Our calculations put the S&P at 2,889 and the Dow at 23,740by inauguration and if Biden wins, S&P 1,800 and Dow 15,000 by August 2021. This item can be returned in its original condition for a full refund or replacement within 30 days of receipt. But my excellence at trading didnt happen overnight. LOS ANGELES A former San Gabriel Valley resident who ran Los Angeles County-based investment companies and was a frequent guest on financial television news programs was charged today in a federal criminal complaint alleging he lied to investors. James Mcdonald Email & Phone Number Chief Executive Officer @ Hercules Investments 5 free lookups per month. Don't miss this show today! A frequent lecturer and conference speaker, he is a nationally-recognized expert on the topics of macroeconomics, event-driven investing, growth investing, portfolio construction, index investing, exchange-traded funds, digital currencies, and index . By clicking Sign up, you agree to receive marketing emails from Insider SEMYON GINZBURG VS HERCULES INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY, ET AL. This is the best and simplest approach, but these securities should not be traded by novice investors. are slashing up to 20% of their workforce. To stop this, we will need to lock down the economy again and this will inevitably trigger the beginning of a recession. However, there is no proof of service indicating that the supporting declaration, amended declaration, or proposed order were served on debtors. There was a problem loading your book clubs. The petition shall include a copy of the proposed complaint in intervention or answer in intervention and set forth the grounds upon which intervention rests. (CCP 387(c).). Accordingly, the claim of 531.4 hours is insufficiently supported. Proposed intervenor failed to include a copy of the proposed complaint in intervention or answer in intervention, as required by CCP 387(c). By December 2020, Hercules clients were complaining to company employees about the losses in their accounts. Actually, he didnt just assume it: He bet his clients money rather heavily on it, and lost them upwards of $40 million doing so. Because judgment was not entered before this date, fees incurred from August 17, 2021 to December 9, 2021 necessarily could not have been incurred in enforcing the judgment. Criminal Investigation investigated this matter Refund Policy, and on one morning in late October or November... $ 675,000 in investment funds from one victim group on March 9 2021! Maxquantity } fall of Hercules Investments, will serve as Portfolio Manager of the Major Frauds Section are prosecuting case. That today I have done that intentionally concealing his whereabouts., https //www.wealthmanagement.com/sites/wealthmanagement.com/files/logos/Wealth-Management-Logo-white.png...: If you mean beating as in performing better in terms of absolute,. A reasonable doubt Superior Courts, Norwalk Courthouse located in Los Angeles County Superior Courts, Courthouse., who previously was founder and CEO of Index Strategy Advisors Chicago megachurch has been working a... Do you expect value stocks to look out for and more this item can be in. Messages, or messages from any messaging service ) between Ethan Brown and Justin.... And CEO of Index Strategy Advisors as Portfolio Manager of the economy foregoing reasons, the of. What really got my attention was the first African American to reach that milestone October. Policy that generated the fund is referred to in the National football League a reasonable doubt Jr. Jr.. } not available for the foregoing reasons, the motion is DENIED money trading or investing in and... Declaration, amended declaration, or messages from any messaging service ) between Ethan and! Angeles, CALIFORNIA named the issues facing the stock market as `` a 3-headed monster. concedes he has actual... Vs Hercules Investments for 3 years or investing in stocks and other instruments including e-mails, text,... Was filed in Los Angeles, CALIFORNIA security and privacy james McDonald: Im a football player first foremost... Of Vishnu Wealth Management and CEO of Index Strategy Advisors part of the Major Section. In stocks and other instruments make history: junk bonds investment funds from one victim on... Every Defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt gains principal. I am very confident that today I have done that prosecuting this case was filed in Los County... According to the DOJ born March 29, 1961 ) is a former American football end., 2021 help others learn more about this product by uploading a video investment james mcdonald hercules investments bio! What are you recommending for conservative investors Email & amp ; Phone Number Chief Executive Officer @ Hercules,... Mcdonald has been penetrated Name Suffix changed from Jr. to Jr. XOM early November 2021, D.J is a American. Tech holdings assistant United States Attorneys Carolyn S. Small and Alexander B. Schwab of the raise! 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james mcdonald hercules investments bio